High probabilty trade here with 15% + upside. On the technical side the chart is showing a bullish ascending triangle, whilst on the fundamental side management have put in place strategic cost cutting measures. Should be some tailwinds as well once the lockdown eases.
This aged pretty well. I'm really curious, why you expected at 15% climb? I recognize the pattern suggested a breakout but what made you think the value of change was around 15%+ ?
rutt
⋅
@FinnMiddleton, Good Q Finn. I based it off the swing low at the start of the ascending triangle coloured in fluro green. Additionally, the target coincided with approx $17.00 - $17.30 which was acting as a major support level before cv19, now likely resistance, which would give a gain of 15% -20%.
FinnMiddleton
⋅
Thanks for the clarification!
skalesch938
⋅
@FinnMiddleton, how much can it be more favorable to you on sales